People in the News

WOW at USMMA

The United States Merchant Marine Academy Hosts 7th Annual Women on the Water Conference. Last week, The United States Merchant Marine Academy (USMMA) in conjunction with the U.

Methanol Powered Ferry Launched in Baltic Sea

Swedish ferry operator Stena Line has announced that it has converted the Stena Germanica to run on methanol, an industry first.   The company spent $24 million on converting the ship to methanol.

Vestas: Low Oil Price, No Problem

The oil price drop has not discouraged investment in rival wind power as much as feared, the chairman of Danish Vestas Wind Systems said on Monday. "I thought

U.S. Oil Train Traffic mostly from Midwest to East Coast

U.S. oil trains delivered more than 13.5 million barrels of crude oil from the Midwest to the East Coast in January, according to government data that gives a first

VIKING LifeCraft Presented at IMO

  This week, VIKING Life-Saving Equipment took a step towards gaining approval for the VIKING LifeCraft, its alternative life-saving appliance (LSA) for passenger ships.

MAN Demonstrates Two-Stroke Methanol Engine Concept

MAN Diesel & Turbo successfully demonstrated its ME-LGI concept engine in front of customers and partners at its Diesel Research Center in Copenhagen on March 17th, the company announced today.

GAC Sri Lanka Wins Award

GAC Sri Lanka’s liner arm, McLarens Shipping, has been named “Best Shipping Agent, Customer Service” at the 21st annual Institute of Chartered Shipbrokers (UK) national awards.

Sea Star Continues Puerto Rico Investments

Sea Star Line, LLC has entered an agreement to on-hire another barge to add to its current service package for shipments from Jacksonville to Puerto Rico.   The

Rand Logistics Announces Debt Refinancing

Rand Logistics, Inc. announced today that it has closed a $170.0 million revolving loan facility which refinanced approximately $102.0 million of the company's

Baltic Sea Freight Index Edges Higher

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, edged higher on Monday as rates rose for vessels across all segments.

Production Starts at Eni's GoM Hadrian South Field

Italian oil and gas major Eni said on Monday it had started production at its Hadrian South gas field in the Gulf of Mexico. Production from the field is expected

Rotterdam Gate LNG Terminal Expansion Started

Dutch gas network operator Gasunie and tank storage service provider Vopak said on Monday that the expansion of their Gate liquefied natural gas (LNG) terminal in Rotterdam has begun.

Midland Braces for Impact as Drilling Slows

Sales tax receipts in the thriving oil town of Midland, Texas, fell this month, only the third decline in five years and one of the first signs of how low oil prices

BMT Expands to Meet Increased Workload

BMT Nigel Gee (BMT), a subsidiary of BMT Group, has announced the completion of new offices in Southampton in order to meet a large increase in design work.   Operating

Becker Marine at Electric & Hybrid Marine Expo

Becker Marine Systems product presentation at the dutch Electric & Hybrid Marine World Expo will put a strong focus on environmentally-friendly technology for the

Cash Reserves Up 80% at Russia's Surgut

The cash reserves at Russia's third-largest oil producer Surgutneftegaz have swelled 80 percent to 1.8 trillion roubles ($31.2 billion), company data and Reuters calculations showed on Monday.

Keppel FELS Delivers 11th Jackup to Mexico

Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has delivered a KFELS B Class jackup rig to Mexican national oil company,

UK Oil & Gas Reform: Is the Plan Sufficient?

With North Sea producers reeling with the impact of the oil price collapse and jobs and spend being slashed, on March 18th the UK Chancellor of the Exchequer announced tax cuts.

Yacht Tech: New Carbon Fiber Designs Debut

Delta Carbon Yachts has unveiled two new models in its series of carbon fiber production yachts at the Palm Beach International Boat Show. The 55 Open (pictured)

Oil Slips on Possible Iran Deal, Strong Dollar

An Iran nuclear deal could bring new oil supply; more price falls seen as U.S. stocks are sold off. Oil prices fell on Monday as officials from Iran and six

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